Refined petroleum products imports in Nigeria: data, top suppliers and prices
Nigeria imported $11.46 billion of refined petroleum products in 2024 (10.51 million tonnes). Its share of world imports was 1%. Value fell 33% from 2023. Over 2017-2024 the trade grew strongly, by about 16% a year on average. The peak in this period was 2022, at $21.07 billion.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Imports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $11.46B | 10.51M t |
| 2023 | $17.17B | 13.77M t |
| 2022 | $21.07B | 18.79M t |
| 2021 | $11.11B | 16.87M t |
| 2020 | $6.20B | 14.13M t |
| 2019 | $8.15B | 12.82M t |
| 2018 | $7.82B | 11.76M t |
| 2017 | $4.06B | 7.45M t |
Where Nigeria imports refined petroleum products from
The largest suppliers were Belgium (35%), Netherlands (10%), United Arab Emirates (9%). Among the main suppliers, United Arab Emirates grew fastest (+374% on the year before).
| Supplier country | Value | Share |
|---|---|---|
| Belgium | $4.06B | 35% |
| Netherlands | $1.10B | 9.6% |
| United Arab Emirates | $994.7M | 8.7% |
| Norway | $951.4M | 8.3% |
| United Kingdom | $836.9M | 7.3% |
| Malta | $796.4M | 7% |
| Saudi Arabia | $668.5M | 5.8% |
| United States | $484.1M | 4.2% |
| Russia | $422.9M | 3.7% |
| France | $223.5M | 2% |
Average import price per kg
The average declared value was about $1.09 per kg, 47% above the world average of $0.74. This usually points to higher-grade or processed goods.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Refined petroleum products exports from Nigeria
In 2024, Nigeria exported refined petroleum products worth $3.17 billion (4.28 million tonnes). Most of it went to South Korea (21%), United States (18%), Singapore (13%). Among the main buyer markets, United States grew fastest (+342% on the year before).
| Destination | Value | Share |
|---|---|---|
| South Korea | $654.4M | 21% |
| United States | $559.8M | 18% |
| Singapore | $400.9M | 13% |
| Angola | $218.5M | 6.9% |
| Brazil | $156.8M | 4.9% |
| France | $123.1M | 3.9% |
| United Kingdom | $115.0M | 3.6% |
| Belgium | $102.9M | 3.2% |
| Malaysia | $99.4M | 3.1% |
| Morocco | $87.9M | 2.8% |
Who is behind these numbers in Nigeria?
The shipment records behind Nigeria refined petroleum products imports (HS 2710): companies, dates, quantities and declared values.
Shipment records are in the platform
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Direct customs feed: shipment-level records from the official customs source.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 2710: Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils.
Common questions
What is the value of refined petroleum products imported by Nigeria?
Nigeria imported refined petroleum products worth $11.46 billion in 2024, the latest year with complete public data, about 10.51 million tonnes. That ranks it 19th of 226 countries worldwide, with 1% of world imports. The value was down 33% on 2023.
Which countries supply refined petroleum products to Nigeria?
Belgium was the largest supplier with 35% of the value ($4.06 billion), followed by the Netherlands (10%) and the United Arab Emirates (9%). The top three together account for 54%, out of 68 supplier countries in total. The United Arab Emirates grew fastest among the top ten, up 374% on the year.
What is the average import price of refined petroleum products per kg?
The average declared import value was about $1.09 per kg in 2024, 47% above the world average of $0.74 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have imports of refined petroleum products to Nigeria changed since 2017?
Imports went from $4.06 billion in 2017 to $11.46 billion in 2024, an increase of 182%. The peak was 2022 at $21.07 billion. Over 8 years the average was $10.88 billion a year.
Does Nigeria also export refined petroleum products?
Yes. Nigeria exported $3.17 billion worth of this product in 2024, mainly to South Korea, the United States and Singapore. On balance Nigeria is a net importer of this product, by about $8.29 billion a year.
What is the HS code for refined petroleum products?
The HS code for refined petroleum products is heading 2710. In Nigeria all of this trade was declared under the six-digit code 2710.00. It sits in HS chapter 27 (mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes). The full list of codes and descriptions is on the HS 2710 page.
How can I find the companies behind this trade?
The totals here are public statistics; the company-level detail sits in EximDataX, which has a direct customs feed for Nigeria. Tell us your product to see it live.
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